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Petrobras Files Appeal Against Decision Confirming a $622 Million Award for Texas Oil Rig Operator

by Indraneel Gunjal

July 2020

Indraneel Gunjal

On 16 July, 2020 the Petrobras group of companies filed an appeal in the US Court of Appeals, 5th Circuit, against the decision of the US District Court for the Southern District of Texas which confirmed a $622 million arbitration award in favour of a Texas oil rig operator, Vantage Deepwater Co. Petrobras claims on appeal that the award cannot be be enforced on grounds of public policy and must, therefore, be vacated. Petrobras also argues that the district court erred in denying the defendants’ discovery motions.

For more information see here - https://www.transnational-dispute-management.com/legal-and-regulatory-detail.asp?key=25038

To read the appeal filed by Petrobras see here - http://www.ca5.uscourts.gov/opinions/pub/19/19-20435-CV0.pdf

To read the decision of the US District Court for the Southern District of Texas, see here - https://cases.justia.com/federal/district-courts/texas/txsdce/4:2018cv02246/1530843/146/0.pdf?ts=1558257334

Indraneel Gunjal is an attorney from India and an advanced degree graduate from Stanford Law School, Class of 2020 with a specialization in International Economic Law, Business & Policy. Before joining Stanford, he worked with the Trade Policy Division of the Department of Commerce, Government of India where he was a member of the legal team representing India in its inter-state trade and investment disputes, Free Trade Agreement (FTA) negotiations, and also tasked with formulating and reviewing its trade policy.



Website: www.linkedin.com/in/indraneel-gunjal-848334114/

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